Re: For your attention

To: pkt@xxxxxxxxxxxxxxxx
Subject: Re: For your attention
From: Warren Mosler <wmosler@xxxxxxxxxx>
Date: Tue, 2 Dec 2003 20:07:54 -0800 (PST)


>
> All prudent nations (except the United States) desire a surplus of
> exports over imports to obtain a net positive financial savings position
> on their internationally earned income. This surplus is added to the
> nation's foreign reserves. Since the global economy is on a dollar
> standard, additions to a nation's foreign reserves are held primarily in
> the form of US treasuries.

HI PAUL!

THIS ATTITUDE IS THE PROBLEM, NOT THE FINANCIAL ARCHITECTURE!

EACH NATION ALREADY HAS THE MEANS TO SUSTAIN DOMESTIC DEMAND REGARDLESS OF
INTERNATIONAL FINANCIAL GOINGS ON!!!


BEST!

WARREN

=====
Warren Mosler
Valance Co. Inc.
5000 Estate Southgate
Christiansted, USVI  00820
340-692-7710 office phone
Primary email contact:  wmosler@xxxxxxxxxx
www.mosler.org

Follow-Ups:
- Re: For your attention
  - From: Gunnar Tómasson

References:
- For your attention
  - From: pdavidson

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Thread context:
- Estimating surplus - Turkey - global Keynesianism, g kohler Fri 05 Dec 2003, 00:20 GMT
- A heterodox book reviewer, Lee, Frederic Tue 02 Dec 2003, 15:01 GMT
- The Economical Way to Prepare an Accord, John Gelles Tue 02 Dec 2003, 15:00 GMT
- For your attention, pdavidson Tue 02 Dec 2003, 14:59 GMT
  - Re: For your attention, Warren Mosler Fri 05 Dec 2003, 00:20 GMT
    - Re: For your attention, Gunnar Tómasson Sat 06 Dec 2003, 17:38 GMT
      
      Positive Savings. Domestic demand. Inflation, John Gelles Mon 08 Dec 2003, 14:41 GMT
      
      Re: Positive Savings. Domestic demand. Inflation, Gunnar Tómasson Mon 08 Dec 2003, 14:40 GMT
- piece by P. Davidson, Ric Holt Mon 01 Dec 2003, 19:46 GMT

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